LyondellBasell Industries NV (LYB) Position Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,000 shares of the specialty chemicals company’s stock after buying an additional 3,300 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in LyondellBasell Industries were worth $16,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in LyondellBasell Industries by 11.6% during the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after purchasing an additional 2,327,350 shares during the last quarter. U S Global Investors Inc. raised its stake in LyondellBasell Industries by 40.0% during the 2nd quarter. U S Global Investors Inc. now owns 4,900 shares of the specialty chemicals company’s stock valued at $414,000 after purchasing an additional 1,400 shares during the last quarter. Brookstone Capital Management raised its stake in LyondellBasell Industries by 8.7% during the 2nd quarter. Brookstone Capital Management now owns 70,061 shares of the specialty chemicals company’s stock valued at $5,912,000 after purchasing an additional 5,624 shares during the last quarter. Ray Gerald L & Associates Ltd. raised its stake in LyondellBasell Industries by 84.9% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 4,900 shares of the specialty chemicals company’s stock valued at $414,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new position in LyondellBasell Industries during the 2nd quarter valued at $13,041,000. 74.29% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

LyondellBasell Industries NV (NYSE:LYB) traded up $0.11 on Thursday, hitting $104.69. 2,102,000 shares of the stock traded hands, compared to its average volume of 2,566,980. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a fifty-two week low of $78.01 and a fifty-two week high of $107.83. The company has a market cap of $41,252.66, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.07.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, December 5th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, December 4th. LyondellBasell Industries’s payout ratio is 38.59%.

Several equities analysts recently commented on LYB shares. Royal Bank Of Canada upped their target price on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 31st. Cowen increased their price objective on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. SunTrust Banks restated a “hold” rating and issued a $96.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries in a research note on Saturday, September 30th. UBS increased their price objective on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $100.47.

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LyondellBasell Industries Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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